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Elavon Names Simon Haslam President and Chief Executive Officer

ATLANTA--(BUSINESS WIRE)--May. 8, 2013-- Elavon, a leading global payments provider and wholly owned subsidiary of U.S. Bancorp (NYSE: USB), has promoted Simon Haslam to the position of president and chief executive officer, succeeding Mike Passilla who recently departed the company.

Simon Haslam named President & Chief Executive Officer at Elavon (Photo: Elavon)

Simon Haslam named President & Chief Executive Officer at Elavon (Photo: Elavon)

Haslam joined Elavon in 2005 and was president of Elavon International Markets. He is credited with leading Elavon’s successful expansion throughout Europe, South America, and Latin America, including the company’s recently completed joint venture with Banco Santander.

“Elavon is an international company and naming a global leader solidifies our strategy of expansion into many countries and emerging ways of doing business,” said Pamela Joseph, vice chair of U.S. Bancorp Payment Services. “Simon’s experience and passion for growth and innovation make him the best individual to lead Elavon as we continue to extend our global reach and the value we deliver to our customers.”

"Elavon’s mission is to drive growth for our customers and partners around the world. We take this calling seriously. As an industry leader with a global presence, we see how our customers’ needs are evolving and are in a unique position to bring new solutions to them – solutions that help them grow their business. Our investment in bringing new products to market, including the establishment of our 50-person innovation lab, ‘The Grove’ will ensure we continue to deliver on that mission and drive growth for our customers,” Haslam said.

Haslam came to Elavon from Citibank when Elavon acquired its European merchant acquiring business. Prior to his years at Citibank, he was a retail and commercial banker at Midland (HSBC) Bank in London, where he began his career in 1980.

Haslam is chairman of the board of Santander Elavon Merchant Services, a member of the boards of Elavon do Brasil, Visa UK and the UK Cards Association. He was elected fellow of the Chartered Institute of Bankers April 1996 for Services to Banking.

Haslam will move from his current base in London to Elavon’s Atlanta headquarters.

About Elavon (www.elavon.com): Elavon is wholly owned by U.S. Bancorp (NYSE: USB) and provides end-to-end payment processing solutions and services to more than one million merchants in the United States, Europe, Canada, Mexico, Brazil and Puerto Rico. Elavon markets solutions including credit and debit card processing, electronic gift cards, dynamic currency conversion, multi-currency support, and cross-border acquiring through multiple alliance channels including financial institutions, trade associations, and third party sales agents. Elavon’s suite of solutions is tailored to meet the needs of merchants in specialized markets such as retail, hospitality/T&E, health care, education and the public sector.

About U.S. Bancorp (www.usbank.com): U.S. Bancorp (NYSE: USB), with $355 billion in assets as of March 31, 2013, is the parent company of U.S. Bank, the 5th largest commercial bank in the United States. The company operates 3,080 banking offices in 25 states and 5,056 ATMs and provides a comprehensive line of banking, brokerage, insurance, investment, mortgage, trust and payment services products to consumers, businesses and institutions. Visit U.S. Bancorp on the web at www.usbank.com.

Source: Elavon

Holly Lytle, 678-731-5236
U.S. Bank
Teri Charest, 612-303-0732

"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: Statements in this press release regarding U.S. Bancorp's business which are not historical facts are "forward-looking statements" that involve risks and uncertainties. For a discussion of such risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see "Risk Factors" in the Company's Annual Report or Form 10-K for the most recently ended fiscal year.

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